Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1511 Washington Ave, Unit 310 Golden, CO 80401-1976
    Back to Search
    Property profile & analytics

    1511 Washington Ave, Unit 310, Golden, CO 80401-1976

    View on Map
    • Office buildings
    • 12,454 SF
    • 0.51 lot acres
    Off-Market
    Last Sale May 18, 2023
    $4,200,000
    Property ID
    US13-0907785
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,280,000
    Show details
    Cap Rate Potential
    4.5%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1511 Washington Ave

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.51 lot acres
    Property type
    Office buildings
    APN
    30-342-11-018
    APU
    3034211018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 18, 2023 $4,200,000 State Of Colorado Paul B Trost Special Warranty Deed —
    May 3, 2023 — Mtarri INC Mine Development And Engineering Co Quit Claim Deed · related —
    Mar 27, 2023 $17,611 Mtarri INC Mine Development And Engineering Co Quit Claim Deed · related —
    — — Paul B Trost — Deed Of Trust · related $187k · Colorado Business Bank NA
    — — Paul B Torst — Deed Of Trust · related $197k · Wells Fargo Bank West NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,335,000
      ML approach
      $4,380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,245,000
      6.5%
      $2,995,000
      7%
      $2,780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,711,000
      Market price range: $1.66M - $8.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,095,000
      Current use
      RESTAURANT
      $5,095,000
      Change: -0% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,990,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Golden
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.218
    Latitude
    39.7526
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,410
    $246,480
    $164,710
    $411,190
    -
    $883,440
    $590,360
    $1,473,800

    Comparable in this City

    • Value Estimation
      $9,730,000
      73,459 SF

      1526 Cole Blvd

      OFFICE BUILDING
      1526 Cole Blvd, Lakewood, CO 80401-3410
      View Details
    • Value Estimation
      $9,575,000
      73,459 SF

      1536 Cole Blvd

      OFFICE BUILDING
      1536 Cole Blvd, Lakewood, CO 80401-3413
      View Details
    • Value Estimation
      $12,765,000
      68,681 SF

      650 12th St

      OFFICE BUILDING
      650 12th St, Golden, CO 80401
      View Details
    • Value Estimation
      $11,800,000
      77,799 SF

      14142 Denver W Pkwy

      OFFICE BUILDING
      14142 Denver W Pkwy, Lakewood, CO 80401-3189
      View Details
    • Value Estimation by Request
      526 SF

      602 Park Pt Dr

      OFFICE BUILDING
      602 Park Pt Dr, Golden, CO 80401-9368
      View Details
    • Value Estimation by Request
      662 SF

      17025 Golden Rd

      OFFICE BUILDING
      17025 Golden Rd, Golden, CO 80401-2859
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,266 SF

      Golden, CO Office Building

      7,266 SF office building in Golden, Colorado for sale.
      24928 Genesee Trail Rd, Golden, CO 80401
      View Details
    • Contact for pricing
      7,266 SF

      Golden, CO Office Building

      7,266 SF office building in Golden, Colorado for sale.
      24928 Genesee Trail Rd, Golden, CO 80401
      View Details
    • Contact for pricing
      127,297 SF

      Denver West Parkway Office Asset

      Premier suburban office asset in Denver West Business Park.
      14023 Denver West Pkwy, Lakewood, CO 80401
      View Details
    • $1,295,000

      Golden Development Opportunity Near Downtown

      Development opportunity near historic Washington Avenue with mountain views.
      710 14 St, Golden, CO 80401
      View Details
    • $650,000
      25,366 SF

      Golden Executive Office Suite

      Downtown Golden, 840 sq ft, $650k
      615 24Th St, Golden, CO 80401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,520 SF

      Lakewood Office Space Available

      Office building in Lakewood, Colorado, offering 10,520 square feet.
      1658 Cole Blvd, Lakewood, CO 80401
      View Details
    • Contact for pricing
      37,158 SF

      Lakewood Office Space Available

      Office building in Lakewood, Colorado with 37,158 square feet.
      13952 Denver West Pkwy, Lakewood, CO 80401
      View Details
    • Contact for pricing
      19,230 SF

      Class A Office Space

      Class A office space with modern amenities available for rent.
      14123 Denver Pkwy W, Golden, CO 80401
      View Details
    • Contact for pricing

      Denver West Office Park Building

      Three-story office building with easy access to major routes.
      1527 Cole Blvd, Golden, CO 80401
      View Details
    • Contact for pricing
      21,079 SF

      Lakewood Office Space Available

      Office building in Lakewood, Colorado, offering 21,079 square feet.
      1726 Cole Blvd, Lakewood, CO 80401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1511 Washington Ave, Unit 310
    Golden, CO 80401-1976
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1511 Washington Ave, Golden, CO, 80401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!